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Raphael Kuuchi, vice president of International Air Transport Association (IATA), says foreign airlines have $221 million trapped in Nigeria and $1.2 billion in Africa.
Dana Air on Thursday said it had flown over 2.7 million passengers in its nine years of operations in Nigeria.
The global demand for air travel rose 7.2 percent in August, up from the 6.8 percent growth reported for July, the International Air Transport Association said on Thursday.
The Minister of State for Aviation, Sen. Hadi Sirika, on Thursday, inaugurated an 11 man presidential taskforce to address regulatory matters affecting the aviation sector.
International airfares from Nigeria to all global destinations have gone up by another 10 per cent, after an initial increase of eight per cent about three weeks ago.
The Minister of State for Aviation, Senator Hadi Sirika, Wednesday disclosed that transportation which is the cardinal objective of the National Integrated Infrastructure Master Plan (NIIMP) of the current administration cannot be over-emphasised.
The IATA representative noted that this situation had forced many airlines in the past to terminate their operations into Nigeria due to non-remittance of their money for sale of tickets.
The International Air Transport Association (IATA) says African airlines recorded remarkable growth in traffic, capacity and load factor in June.
Troops of Operation Fire Ball have eliminated five Boko Haram (BHT)/ISWAP terrorists and recovered a cache of arms and ammunition as well as bags of assorted grains in recent attacks on their hideouts in Borno.
President Muhammadu Buhari has expressed grief over the killing of farmers on rice fields at Zabarmari in Jere Local Government of Borno, describing the terrorist killings as insane.
The Bible Society of Nigeria (BSN) on has announced the appointment of Pastor Samuel Sanusi as its new General Secretary/ Chief Executive Officer-Designate.
Azubuike Iheanacho, the medical doctor that was kidnapped in Dekina Local Government Area of Kogi State, has revealed that he had to pay a ransom before the abductors freed him.
Aruna Quadri returned to winning ways with TTC RhönSprudel Fulda-Maberzell (TTC) in the Table Tennis Bundesliga as the Nigerian was instrumental to his team’s 3-1 win over TTC OE Bad Homburg at the weekend.
The World Health Organization’s top emergency expert said on Thursday the introduction of a COVID-19 vaccine should allow the world to gain progressive control over the disease next year.
Geometric Power and Interstate Electric, owners of the Enugu Electricity Distribution Company (EEDC), have reached a truce over the Aba ring-fenced area, with both firms signing the Asset Sale Agreement (ASA) on Wednesday.
The local government elections in Borno State on Saturday recorded a low voter turnout across Maiduguri, the state capital and Jere.
The Food and Agriculture Organisation (FAO) has taken steps empower epidemiological officers with competencies for management and containment of the African Swine Fever (ASF) in the country.
French Interior Minister Gerald Darmanin ordered several Paris police officers suspended after the publication of videos showing them beating up a Black man and using tear gas against him with no apparent reason.